10A.

Read Books has the following transactions in

August

related to merchandise inventory.

Aug.Aug.1	Beginning merchandise inventory, 13 books @ $ 13 each
3	Sold 4 books @ $ 23 each
12	Purchased 10 books @ $ 14 each
15	Sold 10 books @ $ 23 each
20	Purchased 5 books @ $ 18 each
28	Sold 6 books @ $ 25 each

a.	Determine the cost of goods sold and ending merchandise inventory using the FIFO inventory costing method assuming ReadRead Books uses the periodic inventory system.
b.	Determine the cost of goods sold and ending merchandise inventory using the LIFO inventory costing method assuming ReadRead Books uses the periodic inventory system.
c.	Determine the cost of goods sold and ending merchandise inventory using the weighted-average inventory costing method assuming ReadRead Books uses the periodic inventory system.